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Tech Talk: Chatbots, deepfakes, ATM fraud and more!

  • AI: Finance sector job market impacts
  • Responsible & Generative AI
  • Chatbots: The new face of customer service?
  • Protecting against deepfake fraud
  • All you need to know about banking tech
  • How to fight ATM fraud
  • Product innovation is the key to growth
  • Top banking innovations: BaaS & embedded finance
  • Scores of biometrics bugs emerge
  • Spam, Scams & Breaches
  • Updates, Patches & Alerts
  • and on the lighter side...

AI: Finance sector job market impacts
According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented by AI. PYMNTS.com has the details.

Responsible & Generative AI
Join FinextraTV as we talk with Ermes Dajko, Senior Cloud Solutions Architect at Temenos, about the transformative impact of generative AI in banking. Discover how Gen AI is revolutionixing decision-making processes with practical use cases. Finextra has the details.

Chatbots: The new face of customer service?
Move over, human tellers: artificial intelligence (AI) chatbots may be the new face of banking. As digital solutions continue to disrupt the industry, experts say these conversational AI systems are poised to slash costs and streamline operations while keeping customers engaged and satisfied. PYMNTS.com has the details.

Protecting against deepfake fraud
Like many types of initially innocent technologies, deepfakes are now being exploited by malicious cyber criminals for nefarious means, with one of the latest victims being the world’s longest serving Central Bank Chief. Finextra has the details.

All you need to know about banking tech
Advancements in the digital landscape, such as blockchain and artificial intelligence, are reshaping traditional banking processes. With the development of banking technology, various financial institutions started to employ digital tools, systems, and platforms to streamline banking operations, optimize customer experiences and manage transactions efficiently. Tech Republic has the details.

How to fight ATM fraud
ATM fraud is a continued source of frustration for customers and banks alike. As banks have developed new methods to handle the fraud, criminals invent new tactics ranging from more advanced skimming devices, hacking the software, malware attacks and more. How can banks combat fraud? ATM Marketplace has the details.

Product innovation is the key to growth
Banks have a significant opportunity to take advantage of the digital shift driven by the next generation of customers. Or, they can be left on the wayside and watch neobanks and fintechs drive their own growth. This generation of customer not only values digital efficiency and convenience but also looks for value and reward for loyalty. Fintech Futures has the details.

Top banking innovations: BaaS & embedded finance
Banks and FIs are adopting embedded finance and BaaS to introduce seamless financial services into everyday consumer and business experiences, countering competitive threats and catalyzing growth. This is the future of banking. PYMNTS.com has the details.

Scores of biometrics bugs emerge
Two dozen vulnerabilities in a biometric terminal used in critical facilities worldwide could allow hackers to gain unauthorized access, manipulate the device, deploy malware, and steal biometric data. And yet, exactly how damaging this could be for organizations is up for debate. Dark Reading has the details.

Spams, Scams, and Breaches

Updates, Patches, and Alerts...

See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

And on the lighter side...

Is there an upside to personal debt? Comedian Tim Clue takes a moment to point out the positive aspects of owing money.

First published on 06/21/2024

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